Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in Connecticut
CTBRDTELENGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,732.70
Year-over-Year Change
88.43%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) for the broadcasting (except internet) and telecommunications industries in the state of Connecticut. It provides insight into the performance and contribution of these key sectors to the state's economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The CTBRDTELENGSP series represents the total GDP generated by businesses in the broadcasting (except internet) and telecommunications industries located in Connecticut. This data is used by economists and policymakers to analyze the state's economic composition and the relative importance of these industries.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their comprehensive GDP reporting for states and metropolitan areas.
Historical Context
Monitoring this trend can help inform policy decisions and business strategies related to these industries in Connecticut.
Key Facts
- Connecticut's broadcasting and telecommunications GDP totaled $13.2 billion in 2021.
- These industries account for 3.2% of Connecticut's total GDP.
- GDP in this sector has grown by 8.2% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total gross domestic product (GDP) generated by businesses in the broadcasting (except internet) and telecommunications industries located in the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the performance and relative importance of these key industries to Connecticut's economy, which can inform policy decisions and business strategies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their comprehensive GDP reporting for states and metropolitan areas.
Q: How is this trend used in economic policy?
A: Monitoring this trend can help inform policy decisions and business strategies related to the broadcasting and telecommunications industries in Connecticut.
Q: Are there update delays or limitations?
A: The data is updated annually by the Bureau of Economic Analysis, with a typical 1-year delay in availability.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in Connecticut (CTBRDTELENGSP), retrieved from FRED.